What is the tolerance threshold under the EU-Faroe Islands?

The general tolerance is 10% of the ex-works value of the finished product.

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EU-Faroe Islands - HS 34

EU-Faroe Islands Agreement

6 rulesTolerance: 10%1997

3401-3402Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modelling pastes, 'dental waxes' and dental preparations with a basis of plaster

MaxNOM

Manufacture from materials of any heading, except that of the product. However, materials of the same heading as the product may be used, provided that their total value does not exceed 20% of the ex-works price of the product.

20% ex-works

OR - alternative rule

MaxNOM

Manufacture in which the value of all the materials used does not exceed 40% of the ex-works price of the product.

40% ex-works

MaxNOM

20% ex-works

OR - alternative rule

MaxNOM

Manufacture in which the value of all the materials used does not exceed 40% of the ex-works price of the product.

40% ex-works

EU-Faroe Islands - HS 34

Headings with specific rules(4)

Related pages

Headings with specific rules(4)